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The latest iteration of the Energy Company Obligation (ECO4) began on 27 July 2022 and will run until 31st March 2026. ECO4 focusses on improving the least energy efficient properties and targets homes with an energy rating between D and G. It also aims to provide a more complete retrofit of properties to ensure maximum carbon emission savings.
The Canadian federal government offers subsidies for fossil fuel exploration and production and Export Development Canada regularly provides financing to oil and gas companies. A 2018 report from the Overseas Development Institute, a UK-based think tank, found that Canada spent a greater proportion of its GDP on fiscal support to oil and gas ...
A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).
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The Canada Energy Regulator (CER; French: Régie de l’énergie du Canada; REC) is the agency of the Government of Canada under its Natural Resources Canada portfolio, which licenses, supervises, regulates, and enforces all applicable Canadian laws as regards to interprovincial and international oil, gas, and electric utilities.
The Ontario Energy Board is the provincial regulator of natural gas [1] and electricity utilities in Ontario, Canada. [2] This includes setting rates, and licensing all participants in the electricity sector including the Independent Electricity System Operator (IESO), generators, transmitters, distributors, wholesalers and electricity retailers, as well as natural gas marketers who sell to ...
Canada has access to all main sources of energy including oil and gas, coal, hydropower, biomass, solar, geothermal, wind, marine and nuclear.It is the world's second largest producer of uranium, [2] third largest producer of hydro-electricity, [3] fourth largest natural gas producer, and the fifth largest producer of crude oil. [4]
Existing federal social security programs were modified to provide additional financial support to their recipients. Canada Child Benefit payments were given a one-time increase of $300 per child, [3] the Goods and Services Tax (GST) credit for the 2019 tax year was doubled, [4] and personal income tax deadlines for 2019 were extended.